Panera Bread (Nasdaq: PNRA) reported earnings on April 23. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 26 (Q1), Panera Bread met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue increased. Non-GAAP earnings per share increased. GAAP earnings per share grew significantly.

Margins expanded across the board.

Revenue details
 Panera Bread recorded revenue of $561.8 million. The 24 analysts polled by S&P Capital IQ hoped for a top line of $566.0 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $498.6 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $1.59. The 27 earnings estimates compiled by S&P Capital IQ predicted $1.65 per share. Non-GAAP EPS of $1.59 for Q1 were 14% higher than the prior-year quarter's $1.40 per share. GAAP EPS of $1.64 for Q1 were 17% higher than the prior-year quarter's $1.40 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 35.2%, 20 basis points better than the prior-year quarter. Operating margin was 13.6%, 10 basis points better than the prior-year quarter. Net margin was 8.6%, 30 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $598.7 million. On the bottom line, the average EPS estimate is $1.78.

Next year's average estimate for revenue is $2.45 billion. The average EPS estimate is $7.07.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,405 members out of 1,557 rating the stock outperform, and 152 members rating it underperform. Among 470 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 442 give Panera Bread a green thumbs-up, and 28 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Panera Bread is outperform, with an average price target of $186.43.

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